Cathie Wood: OpenAI Token Spend Signals Productivity Boom

Cathie Wood flagged OpenAI internal data showing median researcher token usage at $12,000 per month and top researchers at $140,000 since the ChatGPT moment, with lines of code shipped rising more than 6× versus the 2025 average and experiments per researcher doubling. AI industry impact appears in the share of researchers running four or more concurrent agents, which has more than doubled, while agentic task success rates improved across time horizons. OpenAI productivity metrics now point to faster research cycles inside frontier labs, with token consumption growing quickest in the research department.